PHOENIX - Republic Services, Inc. (NYSE: NYSE:RSG), a major player in the environmental services industry, has announced an increase in its regular quarterly dividend. Shareholders will see a rise from the current dividend to $0.580 per share, marking an approximate 8% increase. This new dividend is scheduled to be paid on October 15, 2024, to shareholders who are on record as of October 2, 2024.
The company's president and chief executive officer, Jon Vander Ark, stated, "This is the 21st consecutive year we've increased our annual dividend, which reinforces our commitment to efficiently return cash to shareholders." The announcement reflects Republic Services' ongoing strategy to provide consistent returns to its investors.
Republic Services has a broad portfolio of services, including recycling, solid waste, special waste, hazardous waste, and field services. The company has made commitments to advance circularity and support decarbonization efforts, aiming to contribute to a more sustainable world in collaboration with its customers.
The dividend increase is a testament to the company's financial stability and its confidence in its ability to generate cash flow while investing in growth opportunities and sustainability initiatives. Such a move is often seen as a signal of a company's health and a positive indicator for investors.
The information provided in this article is based on a press release statement from Republic Services, Inc.
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